APS 2015 Annual Report Download - page 219

Table of Contents
ARTICLE 1 PREAMBLE...........................................................................................................1
ARTICLE 2 CONSTRUCTION..................................................................................................2
ARTICLE 3 ELIGIBILITY AND PARTICIPATION..................................................................2
(a) Officers...................................................................................................................2
(b) Other Approved Participants...................................................................................2
(c) Commencement of Participation............................................................................2
(d) Status Change.........................................................................................................3
(e) Rehires....................................................................................................................3
ARTICLE 4 BENEFITS..............................................................................................................3
(a) Officer Benefits.......................................................................................................3
(b) Other Approved Participants...................................................................................6
(c) Average Monthly Compensation............................................................................7
(d) Disability Accrual...................................................................................................7
(e) Recognition of Benefits under Separate Agreements.............................................7
ARTICLE 5 PAYMENT OF BENEFITS ON AND AFTER JANUARY 1, 2009......................7
(a) Officer Traditional Benefits Described in Sections 4(a)(1) and 4(a)(2)(i).............7
(b) Spouse’s Benefit with Respect to Officer Traditional Benefits Described in Sections 4(a)(1) and 4(a)(2)
(i)................................................................................9
(c) Officer Retirement Account Balance Benefits Described in Sections 4(a)(2)(ii) and 4(a)
(3).............................................................................................................10
(d) Other Approved Participants’ Traditional and Retirement Account Balance Benefits Described in Section
4(b).......................................................................11
(e) Change in Time and Form of Payment.................................................................13
(f) Cash-Out Provisions.............................................................................................13
(g) Reemployment......................................................................................................14
ARTICLE 6 PAYMENT OF BENEFITS BEFORE JANUARY 1, 2009.................................14
ARTICLE 7 SECTION 409A COMPLIANCE.........................................................................14
ARTICLE 8 FUNDING............................................................................................................15
ARTICLE 9 ADMINISTRATION............................................................................................15
ARTICLE 10 AMENDMENT AND TERMINATION OF THE PLAN.....................................15
ARTICLE 11 ASSIGNMENT.....................................................................................................15
ARTICLE 12 WITHHOLDING..................................................................................................16
ARTICLE 13 OTHER BENEFIT PLANS OF THE COMPANY...............................................16
ARTICLE 14 SPOUSAL CONSENT AND BENEFICIARY DESIGNATIONS.......................16
ARTICLE 15 MISCELLANEOUS.............................................................................................17
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